FINANCIAL SERVICES

Barclay's Zim sale subject to RBZ approval

THE board of Barclays Bank Zimbabwe (BBZ) says the sale of its local unit to First Merchant Bank of Malawi is subject to statutory regulation and approval by the Reserve Bank of Zimbabwe.In June, Bar...

MINING & RETAIL

Choppies champions online shopping

CHOPPIES Zimbabwe has partnered with Variable Solutions to champion an innovative online shopping system that enables customers to order goods using the internet.The platform was developed by Kamelee...

TRANSPORT & TOURISM

ZTA partners models to promote Zim tourism

THE Zimbabwe Tourism Authority (ZTA) has partnered with models whom they believe are the best tourism ambassadors to market the country's destinations locally and internationally.Last week, the touri...

LANDS & AGRICULTURE

Zimbabwe lures cotton growers with cash

The Cotton Ginners Association of Zimbabwe (CGAZ) has welcomed the Reserve Bank of Zimbabwe's (RBZ) decision to provide $40 cash to seed cotton growers for each bale of cotton they deliver to the Cott...

INDUSTRIALS & ENERGY

Manyere re-emerges behind six-figure portfolio

George Manyere, the former Brainworks Capital chief executive, has re-emerged in the investment finance field as the controlling shareholder of Johannesburg Stock Exchange-listed Ecsponent group.Ecspo...

INDUSTRIALS & ENERGY

'Banks propel importation of finished products'

ZIMBABWEAN banks have been accused of allocating foreign currency for the importation of finished garments instead of raw materials, thereby pushing local clothing manufacturers further towards the ed...

MINING & RETAIL

Zimasco, retrenchees on collision course

Close to 40 former Zimasco (Pvt) Ltd employees in Mutorashanga face eviction from company premises after their ex-employer reneged on a pledge to sell the houses to them.The ex-employees recently accu...

INDUSTRIALS & ENERGY

Challenges facing the healthcare industry in Africa

Access to basic healthcare services and products remains a challenge throughout significant portions of the world. When many people think of a lack of healthcare and/or the consequences that follow it...

MINING & RETAIL

Chrome prices tumble

Tumbling chrome prices have left local miners clutching at hopes of attracting huge investment in the value-addition process of the commodity which requires over half a billion dollars.Small-scale chr...

INDUSTRIALS & ENERGY

Zimbabwe suspends ban on use of kaylites

The Environmental Management Agency (EMA) has given kaylites manufacturers three months reprieve to wind up their operations leaving the discretion to use kaylites to individuals.kaylites manufacture...

FINANCIAL SERVICES

Controversy dogs Barclays deal

The sale of Barclays Bank Zimbabwe (BBZ) continues to be dogged by controversy amid revelations that the deal was consummated through a share-swap and in which Barclays plc would get a stake in Maurit...

FINANCIAL SERVICES

'Men will only do menial jobs at Women's Bank'

Females will occupy all high-paying jobs at the mooted Women's Bank, a Cabinet minister has said, adding men will be doing menial jobs at the financial institution.Women Affairs minister Nyasha Chikwi...

TRANSPORT & TOURISM

Zimbabwe airports underused

THE Zimbabwe National Tourism Master Plan (ZNTMP) has found that the three major airports in the country, in Harare, Bulawayo and Victoria Falls are underexploited by nearly 75% despite millions of do...

TELECOMS & TECHNOLOGY

Econet upgrading its 2G sites to 3G

ECONET Wireless Zimbabwe will upgrade its existing 2G sites countrywide to 3G by the end of the year, as part of a huge data network advancement the company is carrying out.In a statement last week, E...

Zimbabwe retailers in trouble

Zimbabwe's retailers are facing a new threat as some companies in the fast-moving consumer goods (FMCG) sector are pushing their products on the streets, bypassing supermarkets and wholesalers in sear...

FINANCIAL SERVICES

Allied Bank pension fund liquidation approved

The Insurance and Pensions Commission (Ipec) has approved the liquidation of Allied Banking Group Pension Fund, after it found it practicable to bring the fund into sound financial position.The liquid...

BUSINESS NEWS

Bulawayo rejects FBC housing proposal

THE Bulawayo City Council has rejected a bid by FBC Building Society, which sought a joint partnership in developing 517 high density residential stands in Luveve suburb.Following an engagement over t...

FINANCIAL SERVICES

Women's Bank to open by September

WOMEN Affairs, Gender and Community Development Minister Nyasha Chikwinya has said the much awaited Women's Bank will open for business by September this year.Mooted some years ago, the bank has taken...

MINING & RETAIL

Zimbabwe mining royalties go up 22.84%

REVENUE from mining royalties has, in the first half of 2017, gone up by 22.84 percent to $34.27 million against a target of $27.9 million, buoyed by rising gold and platinum output.During the period ...

MINING & RETAIL

Zambezi Gas coal output increases

ZAMBEZI Gas has increased coal output to 40 000 tonnes per month compared to 10 000 tonnes the colliery was producing when it started full-scale production last year.The Matabeleland North-based compa...

TRANSPORT & TOURISM

Wild Horizons basks in increased business

ONE of the leading tour operators in Victoria Falls, Wild Horizons, says it is enjoying a new lease of life in business on the back of increasing demand for its services.The commissioning of the $150 ...

TRANSPORT & TOURISM

Zimbabwe tourism master plan out soon

Zimbabwe will soon unveil a national tourism master plan (NTMP) which will be hinged on promoting domestic travel and focusing on establishing an initial 11 tourism development zones (TDZs) across the...

MINING & RETAIL

Metallon Gold set to increase production by 20%

ZIMBABWE'S largest gold mining group, Metallon Gold is targeting to increase its gold production by 20% by year-end driven by increased capacity utilisation, a company official has said.The company pr...

TRANSPORT & TOURISM

New airlines boost Victoria Falls tourism boom

The recently-commissioned $150 million Victoria Falls International Airport has spurred brisk tourism business in the resort town.This comes after Kenya Airways and Ethiopian Airways - in April - intr...

TRANSPORT & TOURISM

Ex-employees sue NRZ for $93,500 salary arrears

FIVE former National Railways of Zimbabwe (NRZ) workers have sued their ex-employer over a total of over $93 500 owed to them in salaries and benefits.The five - Oliver Nkomo, Gilbert Chiwaura, Elliah...